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“The inventory problem is not going to get much better in 2024," one Realtor said. Resales and new construction can't fulfill all the demand. ... said in a real estate forecast summit on Dec. 12
The average rate for a 30-year mortgage more than doubled between August 2021, when it was just 3 percent, and October 2023, when it reached 8 percent. ... balls and give us their real estate ...
Prospective homebuyers that exited the market in 2023 due to high home prices and mortgage rates may fare better in 2024. A new Realtor.com report predicts that the average mortgage rate in 2024 ...
Per the Zillow Home Value Index, U.S. home value is $358,734, up 4.3% between May 2023 and May 2024. The real estate marketplace also published a forecast that predicts home prices will rise 0.6% ...
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
California, though, should continue to have an unemployment rate higher than the national average, the forecast said. That rate averaged 4.2% last year and is expected to climb to 4.6% this year ...
However, this week, Zillow economists issued a downward revision and predicted that U.S. home prices would instead rise 4.9% between August 2023 and August 2024. "Zillow’s forecast of the nation ...
Realty ONE Group is a Laguna Niguel, California-based real-estate brokerage and franchising company. [2] As of 2022, it is affiliated with over 19,500 real estate professionals in over 400 offices across the United States and Canada.